United Kingdom Glucometers Market, By Product Type (Self Glucose Monitoring Glucometers v/s Continuous Glucose Monitoring Glucometers), By Technique, By Type, By Distribution Channel, By End User, By Region, Competition Forecast & Opportunities, 2027

Report
75 Pages
July 2022
Region: United Kingdom
TechSci Research
ID: 5624478

United Kingdom glucometers market is expected to witness robust growth in the forecast period

United Kingdom glucometers market is expected to witness robust growth in the forecast period. A glucometer is a small and portable device that allows the patient to check his blood sugar level from the comfort of their home. Glucometers are also known as glucose meters that can tell in seconds if blood sugar is too low, too high, or on target. Rapidly changing lifestyles and growing requirements for a faster and safer diagnosis of diabetes are driving the demand for the United Kingdom glucometers market. Also, the early detection of hypo and hyperglycemic diabetes and technological advancements and product launches further support the market demand over the next five years.

However, the high cost of research and development activities and stringent regulatory approvals may restrain the growth of the United Kingdom glucometers market in the forecast period.

United Kingdom glucometers market is segmented into product type, technique, type, distribution channel, end user, regional distribution, and Competitive Landscape.

Based on product type, the market is divided into self glucose monitoring glucometers and continuous glucose monitoring glucometers. Self glucose monitoring glucometers are expected to hold the largest market share in the forecast period. The use of monitoring devices is based on diabetes, which varies from patient to patient. Type 1 diabetic patients need to check their blood glucose at regular intervals and adjust the insulin levels. If the patients use test strips every time to test blood glucose, the average expenditure is very high, hindering the segment growth in the forecast period.

Based on technique, the market is bifurcated into invasive and non-invasive. The invasive segment is expected to capture the highest market share over the next five years as these devices are readily available and are the most common diabetes monitoring devices. Insulin pens are the most used devices to administer insulin in the human body. Insulin syringes can administer precise insulin doses, which is also one of the major reasons for their high demand among the patients.

Based on type, the market is bifurcated into wearable and non-wearable. Wearable devices are expected to witness the fastest incremental growth over the next five years. They are easy to carry, allowing the patients to check their blood glucose levels. Wearable devices are light in weight and are highly accurate, which further fuels their high demand.

Abbott Laboratories Limited, Medtronic United Kingdom, Roche Diagnostics Limited, Dexcom United Kingdom, Dr.Morpen, are the major market players operating in the United Kingdom glucometers market.

Years considered for this report:

Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022E
Forecast Period: 2023F-2027F

Objective of the Study:

To analyze the historical growth in the market size of the United Kingdom glucometers market from 2017 to 2021.
To estimate and forecast the market size of United Kingdom glucometers market from 2022E to 2027F and growth rate until 2027F.
To classify and forecast the United Kingdom glucometers market based on product type, technique, type, distribution channel, end user, region and company.
To identify the dominant region or segment in the United Kingdom glucometers market.
To identify drivers and challenges for the United Kingdom glucometers market.
To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the United Kingdom glucometers market.
To identify and analyze the profiles of leading players operating in the United Kingdom glucometers market.
To identify key sustainable strategies adopted by market players in United Kingdom glucometers market.

The publisher performed both primary as well as exhaustive secondary research for this study. Initially, the publisher sourced a list of manufacturers across the country. Subsequently, the publisher conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the publisher could include the manufacturers, which could not be identified due to the limitations of secondary research. The publisher analyzed the manufacturers, distribution channels and presence of all major players across the country.

The publisher calculated the market size of the United Kingdom glucometers market using a bottom up approach, wherein data for various end-user segments was recorded and forecast for the future years. The publisher sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the publisher.

Key Target Audience:

Glucometer manufacturers
Market research and consulting firms
Government bodies such as regulating authorities and policy makers
Organizations, forums, and alliances related to glucometers

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as product manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, United Kingdom glucometers market has been segmented into following categories, in addition to the industry trends which have also been detailed below: